177. 90% Cash on Cash Returns with Self Service Car Washes

Key Takeaways:

- Self-serve car washes can provide high cash-on-cash returns, often 30-90%, through improvements like adding credit card readers and changing wash timers.

- Locations with high traffic and growth are ideal, as are sites that have been undermanaged and offer opportunities for operational improvements.

- Common value-add improvements include updating signage, credit card capabilities, and in-bay automatic equipment.

- Self-serve car washes provide diversified revenue streams from multiple bays and amenities compared to single-tenant tunnel washes.

- Ongoing management involves daily cleaning, equipment maintenance, and cash handling but can become relatively passive once optimized.

https://www.tylercauble.com/podcast/episode177